Wednesday, June 29, 2011

No more clinking of 25 paise coins

No more clinking of 25 paise coins

No more clinking of 25 paise coins

Posted: 29 Jun 2011 04:09 PM PDT

When the banks closed on June 29, the 25 paise coin was laid to rest, officially.

Online searches for home loans dip

Posted: 29 Jun 2011 03:33 PM PDT

There are strong signs in the online world that interest in consumer loans and home loans is on the wane, although hard credit numbers are still to come by.

Credit up 21%, deposits 17% in 12 months

Posted: 29 Jun 2011 03:31 PM PDT

Bank credit grew 20.9% in the 12 month period ended June 17 while deposits rose by over 17%. Bankers, however, say that there is an absence of demand for new projects and adequate liquidity is preventing them from raising interest rates despite the Reserve Bank of India's measures.

Indian women most optimistic in world: Survey

Posted: 29 Jun 2011 03:06 PM PDT

Indian women are more optimistic in the world compared to their counterparts in the developed nations. Despite facing a lot of stress, women in India splash money on health, vacations, beauty products and electrical appliances and are gaining greater control over their lives, according to a survey.

IT, BPO & metals witness max employment surge

Posted: 29 Jun 2011 02:48 PM PDT

Even as the employment in sectors like metals, automobiles, transport and IT has gone up in the January-March 2011 period, textiles, gems and jewellery and handloom have witnessesd a marginal slowdown in the overall employment figures, according to the tenth quarterly survey report on the "Effect of Economic Slowdown on Employment in India".

SC stays Mamata’s move to return Singur land

Posted: 29 Jun 2011 02:41 PM PDT

Tata Motors scored a legal point over Trinamool Congress on Wednesday when the Supreme Court stopped the Mamata Banerjee government from proceeding with its political agenda to return farmers the land at Singur, which was allotted for the Nano small car project in 2007.

‘Banking for the poor more viable’

Posted: 29 Jun 2011 01:49 PM PDT

Reserve Bank of India deputy governor K C Chakrabarty opined that banking or commerce for the poor is always more viable than doing the same for the rich and this is clear from the no-frills accounts that banks have opened under the financial inclusion programme

French car major Peugeot-Citroen to set up plant in TN

Posted: 29 Jun 2011 01:34 PM PDT

French auto major Peugeot-Citroen has firmed up plans to re-enter the Indian market. The company will invest around Rs 4,000 crore in an integrated manufacturing facility, which will make three lakh cars a year. The plant will come up in the Sriperumbudur region near Chennai.

‘Data breaches happen internally’

Posted: 29 Jun 2011 01:04 PM PDT

Most of the data breach cases in the IT /BPO industry is carried out by inside employees.

Twitter co-founders Stone and Williams start a new venture

Posted: 29 Jun 2011 01:03 PM PDT

Twitter cofounder Biz Stone announced on Tuesday he was scaling back his involvement in the micro-blogging company to concentrate on a new venture.

'No rollback of LPG, diesel price increase'

Posted: 29 Jun 2011 12:36 PM PDT

Ruling out any rollback of the recent hike in prices of petroleum goods, finance minister Pranab Mukherjee on Wednesday said the decision to cut duties would not impact the fiscal deficit of the Indian government.

PE firm Apollo to invest Rs 2,250 crore in Welspun

Posted: 29 Jun 2011 12:33 PM PDT

B K Goenka-controlled Welspun Group on Wednesday announced that private equity giant Apollo Global Management will be investing Rs 2,250 crore ($500 million) in three of its companies to help expand their presence in the global oil & gas pipes, infrastructure and allied markets.

India, China the next big story: US

Posted: 29 Jun 2011 09:16 AM PDT

The next big story after the Industrial Revolution is going to be the rising clout of India and China in the global arena, according to Lawrence Summers, director of the White House National Economic Council.

India offers $1 trillion investment opportunities: Gopalan

Posted: 29 Jun 2011 07:29 AM PDT

India's infrastructure financing requirements and the new manufacturing policy being finalised will open up $1 trillion opportunities for global investors over the next five years.

Must revive 'animal spirits' of our businesses: PM

Posted: 29 Jun 2011 07:06 AM PDT

Prime Minister Manmohan Singh on Wednesday called for the revival of "animal spirits" among businesses and said the adverse impact of growing cynicism due to constant bickering between the government and opposition on entrepreneurship had left him worried.

IT, BPO sector lead job growth in India

Posted: 29 Jun 2011 05:32 AM PDT

Nearly 1 million jobs were created in the organised sector in India during 2010-11, almost 70% of it in information technology and outsourcing sectors despite protectionism in the US and some other developed countries, official data showed Wednesday.

Sensex jumps 201 pts to 2-month high

Posted: 29 Jun 2011 04:05 AM PDT

In a five-day long rising streak, the BSE benchmark index Sensex climbed to a two-month high adding over 201 points on buying by funds on expectations of better economic growth, shrugging off inflationary concerns.

ITC Infotech partners Finnish company Solteq Oyj

Posted: 29 Jun 2011 02:20 AM PDT

ITC Infotech, a global IT services company and a fully owned subsidiary of ITC, today announced its partnership with Finland-based IT service provider Solteq Oyj.

Sensex holds on to early gains

Posted: 29 Jun 2011 01:38 AM PDT

Among gainers on the sensex were Sterlite Industries, ITC, Hindustan Unilever, and Reliance Infra, while the losers on the benchmark were ONGC, Bajaj Auto, Jaiprakash Associates and DLF.

TimesJobs & MagicBricks are No. 1: comScore

Posted: 29 Jun 2011 01:22 AM PDT

TimesJobs.com and MagicBricks.com, the e-recruitment and real estate portals of TBSL, have attained leadership positions in their respective categories in India.

Toyota recalls more than 1,10,000 hybrid cars

Posted: 29 Jun 2011 12:33 AM PDT

Toyota said on Wednesday it will recall more than 1,10,000 hybrid vehicles in the United States, Japan and Europe because of faulty transistors in electrical power control boards.

Islamabad banks on domestic borrowing for budget deficit

Posted: 29 Jun 2011 12:20 AM PDT

Islamabad is banking on domestic borrowing to finance an over Rs.1 trillion budget deficit.

Sensex up by 136 points on FII buying

Posted: 28 Jun 2011 10:40 PM PDT

The BSE benchmark sensex continued to rule firm for the fifth straight session in early trade on Wednesday, surging by another 136 points on persistent buying.

Pranab Mukherjee congratulates new IMF MD Christine Lagarde

Posted: 28 Jun 2011 09:42 PM PDT

Finance minister Pranab Mukherjee on Tuesday congratulated French finance minister Christine Lagarde on her appointment as the new managing director of the International Monetary Fund.
Posted by Harshad at 9:35 PM

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